Asked by
Hi I ballot and made down-payment for a bto without grant. Have not collected keys to the bto. I have an opportunity to flip a overseas property for profit in a short frame. Can I do that given I have not collected my keys to the bto? (I do not want to jeopardize my bto flat)
0
603 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Good afternoon Sean,

The legal answer would be no. When you signed the OTP agreement with HDB, it is indicated that the prospective buyers are not eligible to purchase nor have interest on any private property within or outside Singapore.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for someone who have knowledge and experience on sales and purchase of residential properties?
With more than 10 years experience on cases related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Estate Planning and Distribution
4) Divorce
5) Bankruptcy

You can have your doubts cleared before moving forward in life’s most expensive and rewarding decision with ease of mind. Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions